Donald Trump has publicly criticized The New York Times, alleging their reporting negatively impacted the TRUMP token’s standing and worth. This digital token, a meme coin, operates on the
The legal action, aiming for $15 billion in damages, was submitted to a Florida federal court on September 15.
The core of the complaint states that The New York Times published multiple articles and a book that presented a distorted and unfavorable image of President Trump.
Did you know?
Subscribe – We publish new crypto explainer videos every week!
What is Olympus DAO? (OHM Crypto Animated Explainer)
He contends this negatively impacted his commercial interests, specifically citing the meme coin’s performance and other assets connected to his brand. It’s claimed that readers within Florida developed a negative perception of the TRUMP token due to the newspaper’s reporting.
The lawsuit doesn’t highlight a direct impact on other cryptocurrency-related endeavors associated with Trump, for example, World Liberty Financial, a business his family owns and manages.
Trump’s legal team also points to the publication of a book authored in part by New York Times reporters. The filing argues that the book’s release was deliberately scheduled to coincide with the debut of a trailer promoting The Apprentice, a biographical movie covering Trump’s career ascent during the 1980s.
The lawsuit indicates that this coordinated timing triggered a decline in the value of shares within Trump Media & Technology Group.
While the TRUMP token initially launched in January 2025, before Trump’s term began, the legal challenge centers on articles published during the latter part of 2024.
In related news, President Trump has launched a legal challenge against a court ruling concerning Federal Reserve Governor Lisa Cook. Delve into the details of this challenge: Read the full story.